Neighborhood Intelligence (NASDAQ:NXH) Cut to Hold at Maxim Group

Maxim Group downgraded shares of Neighborhood Intelligence (NASDAQ:NXH) from a buy rating to a hold rating in a research report released on Monday, Marketbeat Ratings reports.

A number of other analysts have also recently weighed in on the stock. Zacks Research cut shares of Neighborhood Intelligence from a “hold” rating to a “strong sell” rating in a research note on Monday, October 5th. Weiss Ratings lowered shares of Neighborhood Intelligence from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday, October 6th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

Neighborhood Intelligence Stock Performance

Neighborhood Intelligence stock opened at $1.36 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.92 and a quick ratio of 0.45. The firm has a market cap of $149.62 million, a P/E ratio of -1.01 and a beta of 3.04. Neighborhood Intelligence has a fifty-two week low of $1.29 and a fifty-two week high of $7.72. The firm has a 50 day moving average of $2.41.

Neighborhood Intelligence (NASDAQ:NXH) last posted its quarterly earnings results on Thursday, November 5th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The company had revenue of $509.31 million during the quarter. Neighborhood Intelligence had a negative net margin of 7.40% and a negative return on equity of 40.27%. As a group, equities research analysts forecast that Neighborhood Intelligence will post -0.93 earnings per share for the current year.

Hedge Funds Weigh In On Neighborhood Intelligence

Several hedge funds and other institutional investors have recently made changes to their positions in NXH. Royce & Associates LP acquired a new stake in Neighborhood Intelligence in the 3rd quarter valued at $1,360,000. Corient Private Wealth LP acquired a new stake in shares of Neighborhood Intelligence in the second quarter valued at about $892,000. HighTower Advisors LLC purchased a new stake in shares of Neighborhood Intelligence during the 3rd quarter valued at about $411,000. Claro Advisors Inc. raised its holdings in shares of Neighborhood Intelligence by 39.4% during the 3rd quarter. Claro Advisors Inc. now owns 82,653 shares of the company’s stock valued at $243,000 after buying an additional 23,375 shares during the period. Finally, Signaturefd LLC purchased a new stake in shares of Neighborhood Intelligence during the third quarter valued at approximately $150,000. Institutional investors and hedge funds own 76.30% of the company’s stock.

About Neighborhood Intelligence

Neighborhood Intelligence Inc, formerly Bed Bath & Beyond Inc is an e-commerce-focused retailer with an affinity model that owns or has ownership interests in various retail brands, offering products and services that enable its customers to enhance everyday life through quality, style, and value. The company currently owns Bed Bath & Beyond, Overstock, buybuy BABY, and other related brands and websites, as well as a blockchain asset portfolio. Its e-commerce platforms, www.bedbathandbeyond.com and www.overstock.com, are targeted at customers seeking various products such as furniture, bedding, area rugs, tabletop and cookware, decor, storage, jewelry, etc, at affordable prices.